407 62nd St W - Apartments FOR SALE


Bradenton, FL 34209
$1,775,000 USD
954-553-1089
407 62nd St W, Bradenton, FL for Sale
$1,775,000 USD
Apartments - FOR SALE
1/3
null | 7.39% Cap Rate

407 62nd St W
Bradenton, FL 34209


HIGHLIGHTS

  • Multi-Family Property with Long Term Tenants or Convert to Short Term Rentals near the Beach!

OVERVIEW

PLEASE DO NOT DISTURB THE TENANTS, CONTACT DENISE GOBIN AT 954.553.1089 FOR INFORMATION! Highly profitable and extremely well-maintained multi-family income property located right off Manatee Ave West! The property is located in a very desirable area within walking distance of shops, restaurants, bus lines, and close to the Gulf Beaches. This (2) building, (6) unit apartment complex with a courtyard and private parking lot is an amazing opportunity for any investor ready to make a long-term profit instantly! Each unit is an 1100 Sq Ft, 2BR/2BA apartment with a screened in lanai and separate washer/dryer hook-up. All units are occupied and conterminously leased with several tenants who have been leasing for 10+ years. Significant improvements have been made over the last few years, the property has had both roofs replaced, a new fence, and almost all units have been renovated with new paint, new carpet, tile, fixtures, etc. In maintaining the property, we have provided all preventative maintenance, maintenance as needed, and ongoing improvements. This is a great property in an outstanding location with tenants that are long-term and reliable. The extreme rental supply shortage, coupled with the desirability of this property, is a fantastic opportunity! Block construction/shingle roofs. Individual metered for water and electricity. No Cast Iron Pipes. This positive cash flow investment, from day one of ownership, will sell quickly. As a "must-see" income property that rarely comes along! Sold "as is" with the right to inspect. One block off Manatee Ave. west, near shopping/medical/bus routes.

FOR SALE DETAILS

PRICE

$1,775,000 USD

PRICE/SF

$184 USD /SF

# OF UNITS

6

PRICE/UNIT

$295,833

CAP RATE

7.39%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,123 SF

ZONING

RSF4.5

APN/PARCEL ID

37544-0000-4

ASK ABOUT THIS PROPERTY

Denise GobinCompass CommercialMore Info
954-553-1089

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Denise GobinCompass CommercialMore Info
954-553-1089

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.